Apr 242015
 April 24, 2015
Oregon Regulators Are Preparing For Large Amounts Of Cash From Marijuana Businesses

The marijuana industry is largely a cash-only industry. This is due to the fact that so many banks won’t work with marijuana businesses. Some banks won’t do it because they don’t want to touch the industry, while many others don’t do it because the amount of hoops they have to jump through just aren’t worth it. Large amounts of cash, in any industry, can create a lot of public safety and logistical issues. Because marijuana businesses are often forced to be ‘cash only,’ they often pay their taxes in cash as well. That’s something that Oregon regulators are preparing for

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Apr 222015
 April 22, 2015
Recreational Marijuana Prices Plunge In Washington State

When legal marijuana went on sale in Washington last summer, the prices were astronomically high. There was not enough supply to go around, there was a lot of hype in the air because marijuana was going to be sold legally for recreational purposes for the first time on the West Coast, and marijuana stores took advantage of the situation. People were paying $100+ for an eighth of marijuana. My how things have changed since then. The average price for recreational marijuana in Washington has fallen to $12 per gram. With reports that there is a surplus of over 46,000 pounds

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Apr 192015
 April 19, 2015
WeedMaps Donates A Huge Amount Of Money Towards Marijuana Legalization In California

WeedMaps has made a lot of money off of the marijuana industry. A lot of quotes and estimates I’ve seen puts their profits well into the tens of millions of dollars a year. WeedMaps values marijuana reform, and they are putting their money where their mouth is. According to SFGate, WeedMaps has donated $1,000,000 towards a yet-to-be named marijuana legalization effort, and another $1,000,000 into a political action committee fund: One of California’s largest marijuana-related apps is donating $2 million toward the drive to legalize weed in the state — a move that not only would vastly expand its customer

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Apr 192015
 April 19, 2015
Heavy T's Grow Show Talks About The Scotts Miracle-Gro Co. Acquisition Of General Hydroponics

I spend a lot of time talking to retailers and growers in the marijuana industry and from time to time they show me things that are really great and need to be shared with the world. I was chatting with Devon from Portland Hydroponics and Organics the other day and he was telling me about a great podcast that has tons of facts and news regarding nutrients and all aspects of the growing side of the cannabis industry. The name of the show is “Heavy T’s Grow Show” and it is hosted by The DFZ Radio Network. They also take your

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Apr 172015
 April 17, 2015
Federal Politicians Stand Up For Tax Fairness In The Marijuana Industry

U.S. Representative Earl Blumenauer (D-OR) and Senator Ron Wyden (D-OR) have introduced the Small Business Tax Equity Act of 2015 in both the House and the Senate. The bills, which have bipartisan co-sponsors and have been endorsed by the National Cannabis Industry Association (NCIA), Americans for Tax Reform, and other advocacy groups, would end the punishing and unfair taxation levels legal cannabis businesses face because of Section 280E of the federal tax code. “The small businesses that make up the legal cannabis industry are working overtime to be responsible, contributing members of their communities,” said Aaron Smith, executive director of

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Apr 152015
 April 15, 2015
Quantum 9 Aims To Land Lucrative Oregon Marijuana 'Seed To Sale' Tracking Contract

Quantum 9, Inc. has selected the strategic alignment partner ArchitectNow as the technology implementation and development firm for the Oregon Liquor Control Board (OLCC) Seed to Sale System Request For Proposal (RFP). The partnership adds to the already very talented Quantum 9, Inc. technology platform development team. ArchitectNow is led by Microsoft Most Valuable Professional (MVP) Kevin Grossnicklaus. The Microsoft MVP Award is an annual award given to the most outstanding members of Microsoft’s technical communities. Of 100 million technical community participants worldwide, only 4,000 are awarded Microsoft MVP status. Each year a panel of Microsoft employees reviews the contributions

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Apr 142015
 April 14, 2015
How Many Marijuana Business Bank Accounts Have Been Shut Down Since 2013?

I once heard a business man from outside of the marijuana industry say ‘if you don’t have an insurance policy, an accountant, and a bank account, you are not a real business.’ That may be true in other industries, but in the marijuana industry, those are not easy things to obtain. An accountant is very easy to find in the industry. An insurance policy is slightly harder, but it’s not usually an issue. A bank account on the other hand, is very difficult to obtain, and for many marijuana businesses, it’s impossible. MBank made headlines recently when the Oregon-based bank

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Apr 132015
 April 13, 2015
MBank To Close All Marijuana Business Accounts

Anyone who has been involved in the marijuana industry knows that banking is extremely tough. For almost all marijuana businesses, having a bank account is not even an option. MBank has been trying very hard to become the ‘go to’ bank for marijuana businesses. A little while back MBank announced plans to expand into Colorado. After pressure from the feds, they decided to back off that expansion. Late last week, MBank announced that it would be closing all accounts for marijuana businesses, which is a huge blow to the industry. Per Marijuana Business Daily: MBank, the small Oregon-based financial institution

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Apr 132015
 April 13, 2015
Colorado Sold A Record Amount Of Recreational Marijuana In February

Colorado set another record for legal recreational marijuana sales in February, breaking the previous months record. The opening of new stores contributed to the increase in marijuana sales. I have yet to travel to Colorado to make a purchase, but I know many that have. Legal marijuana is fairly expensive in Colorado, but most people don’t mind. Per The Cannabist: Around $39.2 million of recreational cannabis was sold in state shops in February, according to calculations based on data provided by the Colorado Department of Revenue. The previous monthly record for recreational sales was January 2015-s $36.4 million. Much of

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Apr 102015
 April 10, 2015
The Weed Blog Would Love To See Your Denver Marijuana Business

Denver has always been one of my favorite places. With the exception of my home State of Oregon, the only place I would ever want to live would be Denver. The first time I ever went to Denver was for the High Times Medical Cannabis Cup in 2012. I was absolutely stunned by how awesome the marijuana scene was there. We have a lot of pride in our marijuana scene in Oregon, and I didn’t think that any other place could measure up to my standards, but I’m happy to say, Denver is LEGIT. The quality of flower and concentrates in

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